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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 105,220 $ 98,571
Restricted cash—short-term 3,791 6,007
Marketable equity securities 4,663 490
Trade accounts receivable, net of allowance for doubtful accounts of $5,383 and $4,826 at March 31, 2023 and December 31, 2022, respectively 65,203 55,134
Inventory 19,345 15,714
Prepaid expenses 7,855 6,822
Other current assets 5,363 6,207
Current assets of discontinued operations 35,750 38,688
Total current assets 247,190 227,633
Property and equipment, net 964 891
Goodwill 9,998 9,998
Other intangibles, net 3,033 3,133
Deferred income tax assets, net 5,799 5,799
Other assets 13,506 13,856
Noncurrent assets of discontinued operations 12,520 16,305
Total assets 293,010 277,615
Current liabilities:    
Trade accounts payable 19,894 25,313
Accrued expenses 38,568 35,659
Income taxes payable 27,580 22,576
Due to IDT Corporation, net 98 165
Other current liabilities 7,580 4,549
Current liabilities of discontinued operations 11,076 10,936
Total current liabilities 104,796 99,198
Other liabilities 1,894 4,087
Noncurrent liabilities of discontinued operations 686 686
Total liabilities 107,376 103,971
Commitments and contingencies
Genie Energy Ltd. stockholders’ equity:    
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 866 and 983 shares issued and outstanding at March 31, 2023 and December 31, 2022 7,359 8,359
Additional paid-in capital 147,445 146,546
Treasury stock, at cost, consisting of 2,720 and 2,705 shares of Class B common stock at March 31, 2023 and December 31, 2022 (19,175) (19,010)
Accumulated other comprehensive income 1,895 1,926
Retained earnings 61,333 49,010
Total Genie Energy Ltd. stockholders’ equity 199,144 187,118
Noncontrolling interests (13,510) (13,474)
Total equity 185,634 173,644
Total liabilities and equity 293,010 277,615
Class A Common Stock    
Genie Energy Ltd. stockholders’ equity:    
Common stock value 16 16
Class B Common Stock    
Genie Energy Ltd. stockholders’ equity:    
Common stock value $ 271 $ 271